1 EXHIBIT 11 ClinTrials Research Inc. Computation of Earnings per Common and Common Equivalent Share (in thousands, except for earnings per share) Three Months Ended March 31, 1996 1997 -------- --------- Net income $ 1,113 $ 748 ======== ========= Average shares outstanding 13,251 17,867 Net effect of dilutive stock options - based on treasury stock method using average market price 527 405 -------- --------- Weighted average shares 13,778 18,272 ======== ========= Earnings per common and common equivalent share $ 0.08 $ 0.04 ======== ========= E-1